This article is absurd, right? Surprised to see WSJ printing a scenario involving a US invasion of Greenland. The idea of military confrontation on Greenland seems farfetched, but some of the global fallouts from a dissolved NATO are worth considering if that is where we are headed on a longer term time frame, even if we avoid the specific Greenland scenario in the article.

A great bear. A great voice of sanity and morality in a crazy world, Carson Block is a guest on Adam Taggart’s Thoughtful Money, talking everything from the difficult art of short selling in modern markets, whether a Mag7 short is a good idea, observations on international markets and more.

Time hasn’t always been what it is now. Philosophical article on the way we experience time - mind-bending and worth some downtime to think about. Love it.

AI coming for all media? In that case it’s been nice knowing you… I suspect there is a ways to go for humans just yet - certainly hope so. We’re the ones that have been training the AI, after all.

Chart of the Day - JPY and JGB’s

Below is what a devaluation of a country’s currency and its public debt (the same thing, often) look like. Consider your return as a US-based investor in that JGB over the last several years - falling from 95 to 38 and the currency falling by a third as well. After this latest steep sell-off in JGB’s, the next and very large policy move is incoming to halt the slide - will it succeed? Anything that prompts mass redirection of capital back to Japan is a liquidity draw on the rest of the world, regardless.